Moody’s: Continued Fiscal Prudence, GDP Growth May Boost Romania Ratings
Maintaining a prudent fiscal policy in the medium term and evidence of accelerating economic growth may prompt a positive revision of Romania’s sovereign ratings in the future, Moody’s Investors Service said in its annual report on the Eastern European country.
Moody’s said that a better absorption of EU structural facts would be another factor that could lead to an upgrade in the country’s ratings.
On the other hand, a reversal of the fiscal consolidation program combined with stasis in structural reform would worsen credit metrics to levels that may eventually be inconsistent with Romania’s current rating, the ratings agency said.
Moody’s has Romania at ‘Baa3’, with stable outlook.
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